CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 12 subsale transactions between 2021 and 2025, with a median price of RM 330K and a median price per square foot (PSF) of RM 298.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 330K, with most transactions falling within a stable range of RM 306K to RM 354K, and a typical market range of RM 288K to RM 385K.

Most transactions involved condominium/apartment, though some variety exists in the market.

For price per square foot, the median is RM 298, with most transactions between RM 277 and RM 319. The usual range is RM 241.38 to RM 354.63, showing that most units are priced quite close to each other. With an IQR of RM 113.25 and MAD of RM 21, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.